AG Maura Healey has long sought documents from Exxon about the oil producer’s climate, energy and financial dealings since 2016. Her complaint, which claims Exxon duped shareholders about the risk of climate change, is closely aligned with a lawsuit New York made leveled against Exxon in October.

“Investment advisors at those entities make decisions about purchasing and selling Exxon securities based on what Exxon communicates to them, whether directly or indirectly, through private and public statements about future earnings and risks to the value of its assets over time,” Haley, a Democrat, said in the court brief.

She said the court brief was made on behalf of Massachusetts’ public-sector funds that hold billions of dollars worth of Exxon stock.

“Indeed, at least one Massachusetts-based investment firm manager has complained publicly about how Exxon’s ‘willfully distorted view’ on environmental risks to its assets’ value was harming investors,” the brief added.

Exxon has not responded to The Daily Caller News Foundation’s request for comment about Healey’s complaint.

New York Attorney General Eric Schneiderman speaks at a news conference with other U.S. State Attorney’s General to announce a state-based effort to combat climate change in the Manhattan borough of New York City, March 29, 2016. REUTERS/Mike Segar

Both legal actions stem primarily from a probe conducted by former New York AG Eric Schneiderman in 2015 that was based on reports from Inside Climate News and The Los Angeles Times. They claimed Exxon spent years hiding information from shareholders showing the risks climate change posed to their investments.

The Securities and Exchange Commission (SEC) engaged in a similar investigation into whether the company overvalued assets in the face of future climate regulations. The SEC eventually dropped the probe in August and noted in a letter that it would not recommend enforcement actions. The message included a disclaimer stating the probe could be reopened at a later date.

Editors’ note: A previous version of this article inaccurately identified Massachusetts legal pursuit as a lawsuit. The state filed a complaint against Exxon. The article has been updated to reflect the changes.

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